Austin Housing Market Still Stable

Posted on Tuesday, November 22nd, 2011 at 5:07am.

Austin's housing market is strong, and a help to the overall Central Texas economy. The Austin American Statesman reported this news on Saturday (see Housing Market Still a Stabilizing Force for Austin's Economy), noting that our home prices remain steady unlike hard hit areas such as Las Vegas where prices were up almost 50% before their tremendous drops. Texas also has the sixth lowest foreclosure rate in the nation, a sign that our economy is stronger than most, and another reason Austin real estate is still a good investment. Friends of ours in Colorado have been harder hit, but recent data shows the state's housing market seems to be turning the corner with lower inventories and fewer foreclosures. If you are interested in Denver Real Estate, be sure to check in with our friends who serve the Denver, Colorado real estate market. They can help you find a second home in Denver now so you can enjoy the 2011-2012 ski season!

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